SIGN IN to access Harper’s Magazine
1. Sign in to Customer Care using your account number or postal address.
2. Select Email/Password Information.
3. Enter your new information and click on Save My Changes.
Subscribers can find additional help here. Not a subscriber? Subscribe today!
Senator John McCain raised a paltry, humiliating $13 million during the first quarter of this year—placing him far behind Mitt Romney and Rudy Giuliani in the race to buy the presidency. So what’s a campaign-finance-reformer to do? Flip-flop. McCain is now counting on intensified support from big contributors to George W. Bush’s two presidential campaigns, many of whom he railed against during his heady period as a campaign finance reformer in years gone by.
Sixty former Bush Rangers or Pioneers raised money for McCain during the first quarter (versus about thirty each for Romney and Giuliani), and last month he appointed one of them, Tom Loeffler, to take over his fundraising operation.
Loeffler is a former member of Congress from Texas who retired in 1986. According to a 1984 study by Public Citizen, he compiled the worst record of any member on consumer issues, and also made news as the top recipient of illegal contributions from Vernon Savings & Loan, which went belly-up at a cost to taxpayers of $1.3 billion. But Loeffler’s finest moment during his years on the Hill came during a mid-1980s trip to San Francisco, when he reportedly called the front desk at his hotel and asked to have extra shower caps brought up to wear on his feet, in order to protect against the AIDS virus.
After retiring, Loeffler became a lobbyist and soon was embroiled in several scandals that marked Bush’s Texas gubernatorial tenure. One came after Bush appointed him to the University of Texas System Board of Regents, where he give the startup firm Introgen Therapeutics the exclusive right to license a gene cancer therapy that had been developed at the university. Several years later, the drug firm named Loeffler to its board and gave him 10,000 shares of stock. Introgen is a current lobbying client for The Loeffler Group, as is Toyota, Qualcomm, the Pharmaceutical Research and Manufacturers of America, and Saudi Arabia. Overall, the firm took in $4.6 million in lobbying fees last year.
Loeffler should be of great help to McCain in drumming up campaign money. He’s previously held top fundraising posts for presidential campaigns mounted by former Texas senator Phil Gramm and Bob Dole, and in 2004 was co-chairman of the Republican National Committee’s Team 100 as well as a Bush Super-Ranger, a title given to those who raised more than $300,000.
A recent Houston Chronicle story says Loeffler has decided to use the Bush money model for McCain, “setting dollar targets for the bundlers and creating a McCain 100 and McCain 200 team for those who raised $100,000 and $200,00, respectively.” Other big Bush donors now in McCain’s camp include James B. Lee, Jr., vice chairman of JP Morgan Chase; Donald Bren, chairman of the board of directors of The Irvine Company and the 104th richest person in the world according to Forbes; and A. Jerrold Perenchio, the controlling shareholder of Univision Communications. The latter is a major donor to tax-exempt 527 groups that flourish because they exploit loopholes in the McCain-Feingold campaign finance reform bill. In 2005,
according to the Washington Post, McCain “went to court to try to curtail the influence of a group to which [Perenchio] gave $9 million, saying it was trying to ‘evade and violate’ new campaign laws with voter ads ahead of the midterm elections.”
Things change. “Over the years, I have become close friends with each of these distinguished men,” McCain said last December when announcing that Loeffler, Lee, and so on would become major fundraisers for his campaign. “I am honored to have their support as we move forward. Their dedication to the Republican Party and their renowned financial savvy are essential to any successful campaign, and I am so grateful that they have chosen to bring their talents and wisdom to our team.”
It definitely seems that McCain has inherited the Bush donor machine–but his continued support for Bush’s unpopular failure in Iraq will complicate his effort to win the presidency no matter how much money he raises.
More from Ken Silverstein:
Commentary — November 17, 2015, 6:41 pm
The Clintons’ so-called charitable enterprise has served as a vehicle to launder money and to enrich family friends.
Flor Arely Sánchez had been in bed with a fever and pains throughout her body for three days when a July thunderstorm broke over the mountainside. She got nervous when bolts of light flashed in the sky. Lightning strikes the San Julián region of western El Salvador several times a year, and her neighbors fear storms more than they fear the march of diseases — first dengue, then chikungunya, now Zika. Flor worried about a lot of things, since she was pregnant.
Late in the afternoon, when the pains had somewhat eased, Flor thought she might go to a dammed-up bit of the river near her house to bathe. She is thirty-five and has lived in the same place all her life, where wrinkled hills are planted with corn, beans, and fruit trees. She took a towel and soap and walked out into the rain. Halfway to the river, the pains returned and overcame her. The next thing Flor remembers, she was in a room she didn’t recognize, unable to move. As she soon discovered, she was in a hospital, her ankle cuffed to the bed, and she was being investigated for abortion.
Average duration of a Japanese prime minister’s tenure since August 1993, in months:
Brain shrinkage has no effect on cognition.
An Indianapolis fertility doctor was accused of using his own sperm to artificially inseminate patients, and a Delaware man pleaded guilty to fatally stabbing his former psychiatrist.
Subscribe to the Weekly Review newsletter. Don’t worry, we won’t sell your email address!
“Matt was happy enough to sustain himself on the detritus of a world he saw as careening toward self-destruction, and equally happy to scam a government he despised. 'I’m glad everyone’s so wasteful,' he told me. 'It supports my lifestyle.'”